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F_ t JAN 91080 RANDY MILLER E%EcunvE DiR£cTOR STATE OF FLORIDA TWLLAiIASSEE, 32304 November 30, 1979 Honorable Billy Law Indian River County Property Appraiser Post Office Box 580 Vero Beach, Florida 32960 Dear Mr. Law: 600K 42 PAcE 446 Pursuant to the duties and responsibilities imposed upon me by Section 195.097, F.S., and other laws and rules pertaining to ad valorem tax administration, notice is hereby given that defects exist within the 1979 real property assessment roll of your county. The defects noted below were found to exist upon consideration of all available information.. The proble::s are noted by property class. PROPERTY CLASS: NATURE OF DEFECT: Agricultural Parcels Assessments do not reflect full and just value as re- quired by Article VII, Section 4, Florida Constitution, and Sections 193.011, 195.0012, F.S. Assessments do not reflect the degree of uniformity required under Section 195.0012, F.S. SOL`1:CE: An in-depth study of this class of property resulted in a weighted mean of SG..7°o, indicating a level of assessment less than just value. The study also indicated a general equity problem with a tendency toward assessments of higher priced parcels at a lower.percent of value than. medium or lower priced parcels of this class. This ten- dency was reflected by a price related differential of 113.9. COP.RECTIVE ACTION RECO11MNDED: Analyze appropriate data including soil type, land use, income and expense information and other current condi- tions to insure uniform classified use values for agri- cultural properties in your county in accordance with Section 193.461, F.S. PROPERTY CLASS: Parcels assessed at S200,000 or over NATURE OF DEFECT: Assessments do not reflect full and just value as re- quired by Article VII, Section 4, Florida Constitution, and Sections 193.011, 195.0012, F.S. AN EQUAL OPPORTUNITY EMPLOYER